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Thread: What are the factors that affect the market price of Etherium?

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    What are the factors that affect the market price of Etherium?

    I am really curious how does the price of the cryptocurrency, like Etherium increase and fall.

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    It has something to do with the human greed and price manipulation. The value also depends on the statement coming from a well known person.

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    The price is dictated a good part by speculation, but also by mining profitability. At the current price point (~250 to ~280 depending on what minute you look) the profitability of mining Ethereum with a mid-to-top end graphics card is about $80/month (~700% return on the electricity cost). When it was $300-400 the profitability was considerably higher, giving miners a strong incentive to sell.

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    The mining profitability affects Ethereum price. Aside from that, the exchanges also take a huge part on it. There was a time when some exchanges stopped accepting new users because of the increased interest in cryptocurrency.

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    Quote Originally Posted by Aya View Post
    The mining profitability affects Ethereum price. Aside from that, the exchanges also take a huge part on it. There was a time when some exchanges stopped accepting new users because of the increased interest in cryptocurrency.
    Thank you! Now, I understand the factors that affect the movement of Ethereum.

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    The same factors that affects other cryptocurrencies affect ethereum. The forces of demand and supply can change the prices. The news can trigger over buying or over selling. It is a very news sensitive coin.

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    Quote Originally Posted by kachinna View Post
    The same factors that affects other cryptocurrencies affect ethereum. The forces of demand and supply can change the prices. The news can trigger over buying or over selling. It is a very news sensitive coin.
    News announcements really do have a great impact on the rise or fall of a cryptocurrency's price. Investors move according the news and the trend moves according the investors' move.

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